1. Acknowledgements. In many agreements provisions stipulating the parties acceptance of certain facts and circumstances are found in may different sections of the agreement. For example, in a non-disclosure agreement, an acknowledgement of ownership of property may be included as a separate clause, a statement regarding the reasonableness of restrictions may be included in the covenants, while an acknowledgement that each party will pay is own expenses may be found in the general provisions. Grouping all the acknowledgments into one section adds clarity. The acknowledgements work closely with the representations and covenants. Representations and covenants cover statements and promises within the control or interest of the party making the assertion, while acknowledgements capture stipulations regarding certain facts or circumstances, such as ownership vesting in another person, that the parties agree not to contest.

2. Remedies. Over the course of the next few weeks, ContractStandards will substantially revise the remedies section to include all terms regarding the rights, remedies, and procedures in the event of breach or failure of the agreement. The revisions will first address indemnities.